INOXCVA IPO GMP History
INOXCVA IPO has been listed on December 21, 2023 at a listing price of ₹949.65, against the issue price of ₹660 — a gain of ₹289.65 (+43.89%). The GMP peaked at ₹540 on 19 December 2023 and reached a low of ₹250 on 12 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
INOXCVA IPO raised ₹1459.32 Cr. through its IPO at a price band of ₹627 to ₹660 per share, with a lot size of 22 shares. The IPO was open for subscription from 14 Dec 2023 to 18 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 20 Dec 2023 | ₹ 520 | ▼ | 79% | — | — |
| 19 Dec 2023 | ₹ 540 | ▲ | 82% | — | — |
| 18 Dec 2023 | ₹ 530 | ▲ | 80% | — | — |
| 16 Dec 2023 | ₹ 490 | ▲ | 74% | — | — |
| 15 Dec 2023 | ₹ 450 | ▲ | 68% | — | — |
| 14 Dec 2023 | ₹ 425 | ▲ | 64% | — | — |
| 13 Dec 2023 | ₹ 300 | ▲ | 45% | — | — |
| 12 Dec 2023 | ₹ 250 | — | 38% | — | — |
INOXCVA IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 14 Dec 2023
- Close 18 Dec 2023
- Allotment 19 Dec 2023
- Refund/credit 20 Dec 2023
- Listing 21 Dec 2023
INOXCVA IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹660 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1180 (+78.8%) |
| Listing gain / loss | +₹289.65 per share |
| Listing date | 21 Dec, 2023 |
| Actual listing price | ₹949.65 (+43.89%) |
Is INOXCVA IPO GMP reliable?
Grey market premium for INOXCVA IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the INOXCVA IPO full review for a fundamentals-based assessment before making any grey market trades.
INOXCVA IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for INOXCVA IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About INOXCVA IPO
Inox India Limited was incorporated as Baroda Oxygen Limited in Gujarat on 21 December 1976. As per CRISIL, it is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023.
With over 30 years of experience, it offers design, engineering, manufacturing and installation of equipment for cryogenic conditions. Its offerings include standard cryogenic tanks, beverage kegs, bespoke technology and equipment, and large turnkey projects.
Its products serve industrial gases, LNG, green hydrogen, energy, steel, healthcare, chemicals and fertilisers, aviation, pharmaceuticals and other industries. It has three manufacturing facilities at Kalol and the Kandla SEZ in Gujarat and at Silvassa.
The IPO was Rs 1,459.32 crore and was entirely an offer for sale by the promoters, promoter group members and other shareholders, so the company received none of the money.
Frequently asked
What is the GMP of INOXCVA IPO?
The current Grey Market Premium (GMP) of INOXCVA IPO is ₹ 520.
What is the Kostak Price of INOXCVA IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for INOXCVA IPO is not available.
What is the Subject to Sauda Price of INOXCVA IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of INOXCVA IPO?
INOXCVA IPO listed on December 21, 2023 at ₹949.65, against the issue price of ₹660 — a gain of +43.89%.
How did the GMP of INOXCVA IPO trend before listing?
The GMP of INOXCVA IPO was falling in its final days before listing. The GMP peaked at ₹540 on 19 December 2023. View the day-wise table above for the complete GMP history.
Explore INOXCVA IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
